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Bitcoin rise stalls above 97,500 for the time being

Yesterday Bitcoin did push above its noted 50 day moving average and eventually made a move above 97k, but not without some volatile price action in between 96k and 97,500 first. The high seen late yesterday evening ahead of the wider US market close was set at 97,742. It has backed away from that high slightly so far today. The range seen up until now has been covered by 96,473 to 97,244. That is pretty tight by recent standards and unlikely to hold as the day progresses. The 50 day moving average has shifted slightly this morning and in place just now at 96,870. Bitcoin is currently trading below that again, just now at 96,490
 

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